SCHW wheel strategy & cash-secured put scanner. SCHW is currently trading at $101.97 and trading above all four key moving averages (50/100/150/200-day) — a strong uptrend. This page shows the live SCHW options chain across 3 expirations (2026-07-24 through 2026-08-07, DTE 1–15 days), optimized for cash-secured put and wheel strategy candidates. Next earnings: October 15, 2026 (83 days away).
| Strike | Mid | Bid | ATR/Dist | Buffer% | Yield% | Premium | ⭐ |
|---|---|---|---|---|---|---|---|
| 55.00 | 46.92 | 45.70 | 20.28 | 46.1% | 31137.8% | 46.92 | |
| 60.00 | 41.70 | 40.25 | 18.12 | 41.2% | 25367.5% | 41.70 | |
| 65.00 | 36.92 | 35.70 | 15.96 | 36.3% | 20732.0% | 36.92 | |
| 75.00 | 26.72 | 25.30 | 11.65 | 26.4% | 13003.7% | 26.72 | |
| 76.00 | 25.85 | 24.55 | 11.21 | 25.5% | 12414.8% | 25.85 | |
| 77.00 | 24.92 | 23.70 | 10.78 | 24.5% | 11812.7% | 24.92 | |
| 79.00 | 22.85 | 21.55 | 9.92 | 22.5% | 10557.3% | 22.85 | |
| 80.00 | 21.85 | 20.55 | 9.49 | 21.5% | 9969.1% | 21.85 | |
| 81.00 | 20.65 | 19.55 | 9.06 | 20.6% | 9305.2% | 20.65 | |
| 82.00 | 19.65 | 18.55 | 8.62 | 19.6% | 8746.6% | 19.65 | |
| 83.00 | 18.85 | 17.55 | 8.19 | 18.6% | 8289.5% | 18.85 | |
| 84.00 | 17.85 | 16.55 | 7.76 | 17.6% | 7756.3% | 17.85 | |
| 85.00 | 16.85 | 15.55 | 7.33 | 16.6% | 7235.6% | 16.85 | |
| 86.00 | 15.85 | 14.55 | 6.9 | 15.7% | 6727.0% | 15.85 | |
| 87.00 | 14.90 | 13.65 | 6.46 | 14.7% | 6251.1% | 14.90 | |
| 88.00 | 13.92 | 12.70 | 6.03 | 13.7% | 5773.6% | 13.92 | |
| 89.00 | 12.70 | 11.65 | 5.6 | 12.7% | 5208.4% | 12.70 | |
| 90.00 | 11.65 | 10.55 | 5.17 | 11.7% | 4724.7% | 11.65 | |
| 91.00 | 10.85 | 9.95 | 4.74 | 10.8% | 4351.9% | 10.85 | |
| 92.00 | 9.90 | 8.85 | 4.31 | 9.8% | 3927.7% | 9.90 | |
| 93.00 | 8.85 | 7.95 | 3.87 | 8.8% | 3473.4% | 8.85 | |
| 94.00 | 7.78 | 6.95 | 3.44 | 7.8% | 3021.0% | 7.78 | |
| 95.00 | 6.95 | 6.55 | 3.01 | 6.8% | 2670.3% | 6.95 | |
| 96.00 | 5.95 | 5.65 | 2.58 | 5.9% | 2262.2% | 5.95 | |
| 97.00 | 4.90 | 4.55 | 2.15 | 4.9% | 1843.8% | 4.90 | |
| 98.00 | 3.72 | 3.25 | 1.71 | 3.9% | 1385.5% | 3.72 | |
| 99.00 | 3.00 | 2.61 | 1.28 | 2.9% | 1106.1% | 3.00 | |
| 100.00 | 1.98 | 1.82 | 0.85 | 1.9% | 722.7% | 1.98 | |
| 101.00 | 0.91 | 0.64 | 0.42 | 1.0% | 328.9% | 0.91 | |
| 102.00 | 0.09 | 0.02 | -0.01 | -0.0% | 32.2% | 0.09 | |
| 102.00 | 0.18 | 0.08 | -0.01 | -0.0% | 64.4% | 0.18 | |
| 103.00 | 1.26 | 0.88 | -0.44 | -1.0% | 446.5% | 1.26 | |
| 104.00 | 2.28 | 1.76 | -0.88 | -2.0% | 800.2% | 2.28 | |
| 105.00 | 3.44 | 2.59 | -1.31 | -3.0% | 1195.8% | 3.44 | |
| 106.00 | 4.32 | 3.20 | -1.74 | -4.0% | 1487.5% | 4.32 | |
| 107.00 | 5.60 | 4.90 | -2.17 | -4.9% | 1910.3% | 5.60 | |
| 108.00 | 6.28 | 5.25 | -2.6 | -5.9% | 2122.4% | 6.28 | |
| 109.00 | 7.60 | 6.25 | -3.04 | -6.9% | 2545.0% | 7.60 | |
| 110.00 | 8.48 | 7.50 | -3.47 | -7.9% | 2813.8% | 8.48 | |
| 111.00 | 9.50 | 7.85 | -3.9 | -8.9% | 3123.9% | 9.50 | |
| 112.00 | 10.35 | 9.25 | -4.33 | -9.8% | 3373.0% | 10.35 | |
| 120.00 | 18.67 | 17.20 | -7.79 | -17.7% | 5678.8% | 18.67 |
| Strike | Mid | Bid | ATR/Dist | Buffer% | Yield% | Premium | ⭐ |
|---|---|---|---|---|---|---|---|
| 70.00 | 31.78 | 30.75 | 13.81 | 31.4% | 2071.4% | 31.78 | |
| 80.00 | 21.80 | 20.75 | 9.49 | 21.5% | 1243.3% | 21.80 | |
| 81.00 | 22.48 | 21.00 | 9.06 | 20.6% | 1266.2% | 22.48 | |
| 84.00 | 17.80 | 16.75 | 7.76 | 17.6% | 966.8% | 17.80 | |
| 85.00 | 16.75 | 15.65 | 7.33 | 16.6% | 899.1% | 16.75 | |
| 86.00 | 15.75 | 14.65 | 6.9 | 15.7% | 835.6% | 15.75 | |
| 88.00 | 13.82 | 12.80 | 6.03 | 13.7% | 716.5% | 13.82 | |
| 89.00 | 12.55 | 11.80 | 5.6 | 12.7% | 643.4% | 12.55 | |
| 90.00 | 11.58 | 10.95 | 5.17 | 11.7% | 587.0% | 11.58 | |
| 91.00 | 10.55 | 9.85 | 4.74 | 10.8% | 528.9% | 10.55 | |
| 92.00 | 9.85 | 8.80 | 4.31 | 9.8% | 488.5% | 9.85 | |
| 93.00 | 8.62 | 7.70 | 3.87 | 8.8% | 422.9% | 8.62 | |
| 94.00 | 8.12 | 7.60 | 3.44 | 7.8% | 394.1% | 8.12 | |
| 95.00 | 6.98 | 6.60 | 3.01 | 6.8% | 335.2% | 6.98 | |
| 96.00 | 6.20 | 5.85 | 2.58 | 5.9% | 294.7% | 6.20 | |
| 97.00 | 5.20 | 4.90 | 2.15 | 4.9% | 244.6% | 5.20 | |
| 98.00 | 4.22 | 3.85 | 1.71 | 3.9% | 196.5% | 4.22 | |
| 99.00 | 3.40 | 3.15 | 1.28 | 2.9% | 156.7% | 3.40 | |
| 100.00 | 2.71 | 2.57 | 0.85 | 1.9% | 123.6% | 2.71 | |
| 101.00 | 2.04 | 1.92 | 0.42 | 1.0% | 92.2% | 2.04 | |
| 102.00 | 1.48 | 1.37 | -0.01 | -0.0% | 66.2% | 1.48 | |
| 103.00 | 1.00 | 0.92 | -0.44 | -1.0% | 44.3% | 1.00 | |
| 104.00 | 0.66 | 0.59 | -0.88 | -2.0% | 29.0% | 0.66 | |
| 105.00 | 0.43 | 0.36 | -1.31 | -3.0% | 18.7% | 0.43 | |
| 106.00 | 0.25 | 0.23 | -1.74 | -4.0% | 10.8% | 0.25 | |
| 107.00 | 0.18 | 0.14 | -2.17 | -4.9% | 7.7% | 0.18 | |
| 108.00 | 0.13 | 0.04 | -2.6 | -5.9% | 5.5% | 0.13 | |
| 109.00 | 0.08 | 0.01 | -3.04 | -6.9% | 3.3% | 0.08 | |
| 110.00 | 0.04 | 0.02 | -3.47 | -7.9% | 1.7% | 0.04 | |
| 84.00 | 0.02 | 0.01 | 7.76 | 17.6% | 1.1% | 0.02 | |
| 93.00 | 0.08 | 0.01 | 3.87 | 8.8% | 3.9% | 0.08 | |
| 94.00 | 0.07 | 0.01 | 3.44 | 7.8% | 3.4% | 0.07 | |
| 95.00 | 0.14 | 0.07 | 3.01 | 6.8% | 6.7% | 0.14 | |
| 96.00 | 0.16 | 0.10 | 2.58 | 5.9% | 7.6% | 0.16 | |
| 97.00 | 0.22 | 0.16 | 2.15 | 4.9% | 10.3% | 0.22 | |
| 98.00 | 0.33 | 0.26 | 1.71 | 3.9% | 15.4% | 0.33 | |
| 99.00 | 0.52 | 0.41 | 1.28 | 2.9% | 24.0% | 0.52 | |
| 100.00 | 0.72 | 0.62 | 0.85 | 1.9% | 32.9% | 0.72 | |
| 101.00 | 1.02 | 0.93 | 0.42 | 1.0% | 46.1% | 1.02 | |
| 102.00 | 1.50 | 1.32 | -0.01 | -0.0% | 67.1% | 1.50 | |
| 103.00 | 2.02 | 1.83 | -0.44 | -1.0% | 89.5% | 2.02 | |
| 104.00 | 2.68 | 2.47 | -0.88 | -2.0% | 117.6% | 2.68 | |
| 105.00 | 3.50 | 3.15 | -1.31 | -3.0% | 152.1% | 3.50 | |
| 106.00 | 4.42 | 4.10 | -1.74 | -4.0% | 190.2% | 4.42 | |
| 107.00 | 5.20 | 4.75 | -2.17 | -4.9% | 221.7% | 5.20 | |
| 108.00 | 6.18 | 5.75 | -2.6 | -5.9% | 261.1% | 6.18 | |
| 109.00 | 7.15 | 5.85 | -3.04 | -6.9% | 299.3% | 7.15 |
| Strike | Mid | Bid | ATR/Dist | Buffer% | Yield% | Premium | ⭐ |
|---|---|---|---|---|---|---|---|
| 83.00 | 19.08 | 17.05 | 8.19 | 18.6% | 559.4% | 19.08 | |
| 87.00 | 14.95 | 13.90 | 6.46 | 14.7% | 418.1% | 14.95 | |
| 88.00 | 13.95 | 12.90 | 6.03 | 13.7% | 385.7% | 13.95 | |
| 90.00 | 11.92 | 10.85 | 5.17 | 11.7% | 322.3% | 11.92 | |
| 92.00 | 10.05 | 9.65 | 4.31 | 9.8% | 265.8% | 10.05 | |
| 93.00 | 9.15 | 8.70 | 3.87 | 8.8% | 239.4% | 9.15 | |
| 94.00 | 8.18 | 7.75 | 3.44 | 7.8% | 211.8% | 8.18 | |
| 95.00 | 7.30 | 6.80 | 3.01 | 6.8% | 187.0% | 7.30 | |
| 96.00 | 6.30 | 5.90 | 2.58 | 5.9% | 159.7% | 6.30 | |
| 97.00 | 5.42 | 5.05 | 2.15 | 4.9% | 136.0% | 5.42 | |
| 98.00 | 4.55 | 4.20 | 1.71 | 3.9% | 113.0% | 4.55 | |
| 99.00 | 4.00 | 3.80 | 1.28 | 2.9% | 98.3% | 4.00 | |
| 100.00 | 3.12 | 2.83 | 0.85 | 1.9% | 75.9% | 3.12 | |
| 101.00 | 2.66 | 2.48 | 0.42 | 1.0% | 64.1% | 2.66 | |
| 102.00 | 2.10 | 1.94 | -0.01 | -0.0% | 50.1% | 2.10 | |
| 103.00 | 1.62 | 1.50 | -0.44 | -1.0% | 38.3% | 1.62 | |
| 104.00 | 1.17 | 1.11 | -0.88 | -2.0% | 27.4% | 1.17 | |
| 105.00 | 0.85 | 0.80 | -1.31 | -3.0% | 19.7% | 0.85 | |
| 106.00 | 0.64 | 0.57 | -1.74 | -4.0% | 14.7% | 0.64 | |
| 107.00 | 0.50 | 0.37 | -2.17 | -4.9% | 11.4% | 0.50 | |
| 108.00 | 0.36 | 0.22 | -2.6 | -5.9% | 8.1% | 0.36 | |
| 109.00 | 0.18 | 0.06 | -3.04 | -6.9% | 4.0% | 0.18 | |
| 110.00 | 0.16 | 0.05 | -3.47 | -7.9% | 3.5% | 0.16 | |
| 111.00 | 0.14 | 0.01 | -3.9 | -8.9% | 3.1% | 0.14 | |
| 112.00 | 0.12 | 0.01 | -4.33 | -9.8% | 2.6% | 0.12 | |
| 113.00 | 0.11 | 0.01 | -4.76 | -10.8% | 2.4% | 0.11 | |
| 55.00 | 0.06 | 0.01 | 20.28 | 46.1% | 2.7% | 0.06 | |
| 60.00 | 0.06 | 0.01 | 18.12 | 41.2% | 2.4% | 0.06 | |
| 89.00 | 0.08 | 0.01 | 5.6 | 12.7% | 2.2% | 0.08 | |
| 90.00 | 0.08 | 0.01 | 5.17 | 11.7% | 2.2% | 0.08 | |
| 91.00 | 0.11 | 0.01 | 4.74 | 10.8% | 2.9% | 0.11 | |
| 92.00 | 0.15 | 0.01 | 4.31 | 9.8% | 4.0% | 0.15 | |
| 93.00 | 0.18 | 0.05 | 3.87 | 8.8% | 4.7% | 0.18 | |
| 94.00 | 0.18 | 0.05 | 3.44 | 7.8% | 4.7% | 0.18 | |
| 95.00 | 0.26 | 0.05 | 3.01 | 6.8% | 6.7% | 0.26 | |
| 96.00 | 0.40 | 0.25 | 2.58 | 5.9% | 10.1% | 0.40 | |
| 97.00 | 0.55 | 0.42 | 2.15 | 4.9% | 13.8% | 0.55 | |
| 98.00 | 0.64 | 0.56 | 1.71 | 3.9% | 15.9% | 0.64 | |
| 99.00 | 0.96 | 0.80 | 1.28 | 2.9% | 23.6% | 0.96 | |
| 100.00 | 1.20 | 1.06 | 0.85 | 1.9% | 29.2% | 1.20 | |
| 101.00 | 1.60 | 1.36 | 0.42 | 1.0% | 38.5% | 1.60 | |
| 102.00 | 1.98 | 1.83 | -0.01 | -0.0% | 47.2% | 1.98 | |
| 103.00 | 2.50 | 2.32 | -0.44 | -1.0% | 59.1% | 2.50 | |
| 104.00 | 3.13 | 2.81 | -0.88 | -2.0% | 73.2% | 3.13 | |
| 105.00 | 3.65 | 3.25 | -1.31 | -3.0% | 84.6% | 3.65 | |
| 108.00 | 6.35 | 5.85 | -2.6 | -5.9% | 143.1% | 6.35 | |
| 109.00 | 7.28 | 6.75 | -3.04 | -6.9% | 162.5% | 7.28 | |
| 110.00 | 8.32 | 7.90 | -3.47 | -7.9% | 184.0% | 8.32 | |
| 114.00 | 12.50 | 10.85 | -5.19 | -11.8% | 266.8% | 12.50 | |
| 116.00 | 14.50 | 12.85 | -6.06 | -13.8% | 304.2% | 14.50 |
OptionSpeed's scanner highlights SCHW strikes that meet our three filters: annualized yield ≥ 50%, downside buffer ≥ 15%, and ATR/Distance ratio ≥ 2.5. Stars on this page mark strikes currently in our Super Stocks cache. As of this snapshot, the highest-yielding CSP candidate on SCHW is the $103.00 strike at 446.5% annualized.
SCHW is trading at $101.97 with an ATR of $2.32. SCHW is trading above all four key moving averages (50/100/150/200-day) — a strong uptrend. Next earnings report is October 15, 2026 (83 days away). Earnings is far enough out that current premiums reflect normal implied volatility.
Cash-secured puts require you to hold enough cash to buy 100 shares at the strike price if assigned. For a $103.00 strike on SCHW, you need $10,300 in cash per contract. Strikes closer to the current $101.97 price require more capital but offer higher premiums and lower assignment probability.
The wheel on SCHW follows three steps: (1) sell a CSP at a strike you'd be comfortable owning SCHW at; (2) if assigned, you own 100 shares at the strike price; (3) sell covered calls against those shares to collect premium while waiting for the call to expire worthless or the stock to be called away. OptionSpeed tracks every step so you can see your rolling premium and realized P&L.
Most wheel traders close or roll CSPs 1–2 days before earnings because implied volatility typically collapses after the announcement (IV crush). The premium you collected is largely an upfront payment for accepting that volatility risk. Holding through earnings exposes you to gap risk — even if your strike isn't breached, the IV drop alone can wipe out most of your collected premium.
Buffer percentage measures how far the strike is below the current stock price. For SCHW at $101.97, a strike at $94.00 gives the largest downside buffer in our current chain. OptionSpeed flags strikes with ≥15% buffer as wheel-quality candidates. Lower buffer = higher premium but higher assignment probability.
See also: cash-secured put primer · wheel strategy guide · today's Super Stocks picks · all 686 tickers